This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements regarding insurance and gambling is (are) true? I. Insurance is ... (Read 142 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 11, 2018
Which of the following statements regarding insurance and gambling is (are) true?
 
  I. Insurance is used to handle existing pure risks, while gambling creates a new speculative risk.
  II. Insurance usually involves risk avoidance, while gambling typically involves only risk reduction.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

In addition to marketing life insurance, life insurers typically sell which of the following products? I. Retirement annuities II. Disability income insurance
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
Reply #2 on: Jul 11, 2018
Thank you :)


Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jul 11, 2018
Happy to help you


« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
True Forget-Me-Not True Forget-Me-Not
True Friendship True Friendship
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Types of Health Insurance Service Coverage Types of Health Insurance Service Coverage
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library